Throw in an offer and hopefully it doesn't go to highest/best.

I wouldn't automatically throw it out.

The trick is getting the story behind the sale before you invest a lot of your own and your agent's time throwing out low-balls where they have no chance.

Even if you self-manage that is a cost because it takes your time you could be doing other income producing activities.When I list properties for sellers I explain that most buyers do not self-manage which is true.So the buyers will include self-management when pricing.You never want to exclude management expenses.If you self-manage when buying GREAT but if you get in their and after trying decide you want to hire a manager then you have not accounted for that cost.It is one of the most single greatest mistakes I see investors make time and time again.You want it where if everything goes right you get an awesome deal but if things go wrong you can still have a good deal.VERSUSPeople talking themselves into good deals and when things go bad they now have a marginal to losing deal they can't get out of.You don't know what the seller will take.Be conservative and throw a low number out.You can always go up later.

Additionally, most such projects are mixed use where the developers must add other units at market rates and even commercial retail, maybe throw in a new fire station and parks for the area, so all in all, there is alot to it.

Just wanted to throw in my 2 cents, I just watched the video @Brandon Turner made about the Wix website and easily put one together.

The best way is to name the tenant on the lease and add "and all those in possession" so when the sheriff comes he can throw anyone out....

Or, what would you invest in if you had a ton of cash to throw at one particular type of real estate?

The landlord can put that in the lease but it doesn't mean it will hold up in court.A judge will likely throw that part of the provision out and make the landlord go through the normal eviction process.We have a clause where the rent is late on the 5th and then an eviction fee of 150 is added on plus 10 dollars a day for each day they are late.The judge gives us the 150 and back rent as a judgement but sees the 10 dollars a day as excessive in most cases and will not give to us.We have it in there to make the tenant feel the heat and want to pay the rent instead of letting 10 dollars a day accrue.I am sure it is the same way with this other landlord.Most of their tenants are probably not fully educated on eviction law.So they assume they must leave by the 15th because they signed the paper.

Could be - I don't know, but I'm just throwing out numbers.